Microsoft buyout strengthens Nokia’s stock

The Associated Press

Sept. 3, 2013, 2:37 p.m.

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HELSINKI — Microsoft Corp. is buying Nokia Corp.’s line-up of smartphones and a portfolio of patents and services in an attempt to strengthen its fight with Apple Inc. and Google Inc. to capture a slice of the lucrative mobile computing market.

The $7.2 billion deal announced late Monday marks a major step in the company’s push to transform itself from a software maker focused on making operating systems and applications for desktop and laptop computers into a more versatile…

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